Infosys, Wipro ADRs fall nearly 3% after TCS earnings, US crackdown on H-1B-linked green card programme

Infosys and Wipro American Depositary Receipts (ADRs) dropped nearly 3% in U.S. trading following Tata Consultancy Services' (TCS) quarterly results and new U.S. immigration restrictions targeting H-1B-linked green card programs. Investors reacted to potential impacts on technology spending, artificial intelligence disruption, and stricter employment-based immigration policies.